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Igoryamba
2 years ago
8

Suppose that $2000 is loaned at a rate of 11.5% , compounded semiannually. assuming that no payments are made, find the amount o

wed after 5 years. do not round any intermediate computations, and round your answer to the nearest cent.
Business
1 answer:
Zolol [24]2 years ago
6 0

This problem is solved by using the compound interest formula:
 A=P(1+(I/period))^(number of periods)
 Where A = amount accumulated and P = amount loaned and I = Interest 
 A = ? P = $2, 000, I = 0.115, Period = 2 (semi annually) Number of period = 2
*7 (I. e paid twice over a 7 yrs span) 
 So we have 
 A = 2000 ( 1 + 0.115/2)^(14)
 A = 2000 ( 1 + 0.0575)^(14)
 A = 2000 (1.0575)^(14)
 A = 2000 (2.1873851765154) = 4374.77035
 So we have 4374.80 to the nearest cent.
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Moving between the two points on the PPF gives a country 8 desktop computers and gives up 5 laptop computers. The opportunity cost of a laptop is half that of a desktop.

An outward shift in the PPF indicates economic growth. An inward shift indicates a shrinking economy due to failure of resource allocation and optimal production capacity. A shrinking economy could be the result of reduced supplies or a lack of technology.

An outward shift in the PPF indicates economic growth. An inward shift indicates a shrinking economy due to failure of resource allocation and optimal production capacity. A shrinking economy could be the result of reduced supplies or a lack of technology.

Learn more about PPF at

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5 0
2 years ago
______________ produce fundamental changes that can transform a company or even revolutionize an industry, while ______________
Whitepunk [10]

Answer: Incremental innovation ( answer for both the blanks)

           

Explanation: In simple words, incremental innovation refers to the process under which small improvement are made to the current practices of business. Such improvements through innovation results in better products and services offerings.

Such small changes however occur in large volumes and can easily revolutionize any industry.

3 0
3 years ago
1.2 Explain the concept of the labour market to a Grade 12 school-leaver. Give a
Marianna [84]

Answer:

The labor market is the phrase used to describe the supply of labor by employees and demand of labor by the employers as such there is an interaction between the workers and the employers where wage is paid to the workers by the employers for the labor the workers supplied

Being educated gives an employee the capacity to be more productive and gives an indication of the potential of prospective employees to recruiters and employers. Therefore, qualifications attained are an advantage when seeking employment alongside many several other job seekers

Therefore, a grade 12 school-leaver competing for a job alongside several others with similar or tertiary education is less likely to secure a desired job or vocation

However, with a tertiary education, such job seekers would more readily convince recruiters about their ability to satisfactorily perform their desired job

Explanation:

6 0
3 years ago
As part of your plan to lead the change effort to increase team productivity, you want to build momentum by generating short-ter
Murljashka [212]

Answer: Visible to senior leadership but not lower levels of the organization

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Most short term wins are not visible to senior leadership, but are obvious to lower levels of the organization. The senior leadership wants results at the end of a business day and may not recognize the efforts that have been put in place by lower level of the organization for the progress that is noticeable so far.

3 0
3 years ago
Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. Durin
hjlf

Answer:

Global Marine

a. Indication of the accounts and amounts for each transaction:

a. Cash $5,500,000 Common stock $500,000 Additional Paid-in Capital $5,000,000

b. Treasury stock $125,000 Additional Paid-in Capital $1,125,000 Cash $1,250,000

c. Cash $510,000 Treasury stock $50,000 Additional Paid-in Capital $460,000

d. Cash $490,000 Treasury stock $50,000 Additional Paid-in Capital $440,000

b. Journal Entries:

a. Debit Cash $5,500,000

Credit Common stock $500,000

Credit Additional Paid-in Capital $5,000,000

To record the issuance of 100,000 shares of the common stock at $55 cash per share.

b. Debit Treasury stock $125,000

Debit Additional Paid-in Capital $1,125,000

Credit Cash $1,250,000

To record the repurchase of 25,000 shares at $50 cash per share.

c. Debit Cash $510,000

Credit Treasury stock $50,000

Credit Additional Paid-in Capital $460,000

To record the re-issuance of 10,000 shares from treasury for $51 per share.

d. Debit Cash $490,000

Credit Treasury stock $50,000

Credit Additional Paid-in Capital $440,000

To record the re-issuance of 10,000 shares from treasury for $49 per share.

Explanation:

a) Data and Calculations:

Authorized common stock shares, 1,000,000 at $5 par value

Net income earned during the year = $400,000

Selected transactions:

a. Cash $5,500,000 Common stock $500,000 Additional Paid-in Capital $5,000,000

100,000 shares of the common stock at $55 cash per share.

b. Treasury stock $125,000 Additional Paid-in Capital $1,125,000 Cash $1,250,000

25,000 shares at $50 cash per share.

c. Cash $510,000 Treasury stock $50,000 Additional Paid-in Capital $460,000

10,000 shares from treasury for $51 per share.

d. Cash $490,000 Treasury stock $50,000 Additional Paid-in Capital $440,000

10,000 shares from treasury for $49 per share.

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